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Hi Kaf,
You should have a recovery partition, you may be giveen the option to use it by tapping F8 @ start-up .
this may help 1. Power on the machine
2. At the white ACER BIOS screen, hold the "Alt" key and press the "F10" key simultaneously to start Acer eRecovery
3. Once eRecovery has loaded, click "Restore to Factory Default Settings"
4. Click "OK" to continue
5. From here, the eRecovery process will update all the data on the C: drive and restore a fully functional factory image (approximately 10 minutes).
6. Once eRecovery has run, press "OK" to reboot unit

The Aspire One is a netbook produced by
Acer; it does not come equipped with a CD ROM drive, so a traditional
hard drive reformat and Windows reinstallation is not possible without a
peripheral storagedevice. An external USB CD or flash drive will suffice, however.Difficulty:Moderate

Instructions

1
Plug in the external CD drive, then turn on your netbook and let it boot to your operatingsystem.

1. Power on the computer2. At the white ACER BIOS screen, hold the Alt key and press the F10 key simultaneously to start Acer eRecovery.3. Once eRecovery has loaded, click Restore to Factory Default Settings4. Click OK to continue5. From here, the eRecovery process will update all the data on the C: drive and restore a fully functional factory image (approximately 10 minutes).6. Once eRecovery has run, press OK to reboot unitNote that all data will be lost during this process and your computer will be brought back to it's original factory state and settings.
Best regards ,
fanaudi .

With that desktop computer being new it should have a hidden recovery partition on the hard drive that allows you to perform a factory restore which will take it to how it was when you took it out the box.

To access the recovery partition on your Acer computer for recovery, follow the steps listed below.

1. Power on the computer2. At the white ACER BIOS screen, hold the Alt key and press the F10 key simultaneously to start Acer eRecovery.3. Once eRecovery has loaded, click Restore to Factory Default Settings4. Click OK to continue5.
From here, the eRecovery process will update all the data on the C:
drive and restore a fully functional factory image which should take approximately 10
minutes.6. Once eRecovery has run, press OK to reboot the computer.

You can launch Acer eRecovery Management in a number of ways:
• By pressing the hotkey <Alt> + <F10> during the boot-up process, or at any
time when you are running Microsoft® Windows®.
This will open the Acer eRecovery Management main page.
Password
Acer eRecovery Management requires a password to activate. The default
password is six zeros (0s).
Note: If an incorrect password is entered three times, Acer
eRecovery Management closes and returns to Windows®
automatically.
System recovery
Step 1: Click on “Recovery actions”.
Step 2: You are presented with a list of available options
CHOOSE-->Recover system from CD/DVD backup
If you choose to restore from an image on an optical disk, the BIOS will be
changed to boot from the optical drive. If no backup disk is found, you are
prompted to insert the disk.
Reinstall
IF THOSE DISKS DONT WORK , YOU CAN ALWAYS RESTORE TO FACTORY SPEC FROM THE HIDDEN PARTITION ON YOUR HARDDRIVE.
Hope this helps you out .. Regards

happy to help u .just want to tell u there r no factory settings for windows most options r not changeable.u can aloso try reformatting the system. but if u need to change ur bios setting u just have to press delete or wat ever key u seen on the bios to enter setup. then go to the option load optimised defaults. and u r done. pleasure helping u.

It gave the following 2 solutions to the problem. The first one workedfor a while but then we had to try the second and this seems to havesolved the problem.

Solution 1ssue No Power or Will not boot
Solution If the unit will not turn on and has no power:

Verify that the power cord is plugged both into the unit and an electrical socket.

If it is plugged into a power strip or surge protector verify that the power strip or surge protector is turned on.

Try another power outlet.

Unplugthe power cable from the unit, hold the power button on the unit downfor 30 seconds. Release the power button and plug the power cord backinto the unit. Try to turn it back on.

If the unit has power but does not boot into Windows:

Turn the unit off and unplug the power cord from the unit.

Hold the power button on the unit down for 30 seconds.

Release the power button and plug the power cord back into the unit.

Turn the unit on.

Solution 2Issue Recovery media and Restoring a system to factory load
Solution Acersystems ship with eRecovery Managr, which facilitates the creation ofRecovery media (CDs or DVDs) so the system may be restored to theoriginal load in the event of unrecoverable issues.How to Make Recovery Media

Click on Start, then All Programs, then Acer Empowering Technology.

Click on Acer eRecovery Management.

If prompted to create a password, create a password and hint. Do not lose this password.If asked for a password, enter the previously set password.

The unit will restart and start the restore.It should state "Please wait a moment..." with the Acer logo in the upper left hand corner.

At the eRecovery Management menu it will ask you how to restore.Click on the restore option you would like to use.

How to recovery your system from bootup

Locate the Alt key, to the left of the space bar, and F10, on the top row of keys.

Power the system on.

When the system is powered on, tap the Alt and F10 keys together at the same time when the Acer splash screen appears.It should state "Please wait a moment..." with the Acer logo in the upper left hand corner.